FISCAL POLICY, GOVERNMENT SIZE AND ECONOMIC PERFORMANCE: EMPIRICAL EVIDENCE FROM SELECTED ASEAN COUNTRIES
TRAN, THI HA (2012)
TRAN, THI HA
2012
Finanssihallinto ja julkisyhteisöjen laskentatoimi - Financial Administration and Public Sector Accounting
Johtamiskorkeakoulu - School of Management
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Hyväksymispäivämäärä
2012-05-31
Julkaisun pysyvä osoite on
https://urn.fi/urn:nbn:fi:uta-1-23210
https://urn.fi/urn:nbn:fi:uta-1-23210
Tiivistelmä
In an endogenous growth model with public finance including tax, expenditure and components of government expenditure by function, this study characterizes fiscal policy for some ASEAN economies, also the relationship between the growth rate, tax rate and expenditure shares on the GDP. Moreover, it examines the impact of different components of government expenditure by function on economic growth. I use panel data of two samples. There are seven ASEAN countries in first sample and five ASEAN countries in second sample over 28 years. I use linear regression techniques for panel data. According to estimation results, government spending has negative and significant effects on the growth rate. In contrast, tax revenue has positive impact on economic growth. My empirical results are obtained by using Barro model (1990) and Devarajan et al. (1996).
Keywords: Fiscal policy, growth, government expenditure, ASEAN countries
Keywords: Fiscal policy, growth, government expenditure, ASEAN countries